A Drone Taxi can be used to carry passengers for intracity or intracity transportation. They will be equipped with cutting-edge technology that is silent, safe, and environmentally friendly. Drone taxis are designed to fly remotely piloted or autonomously, avoid obstacles, and take-off, fly, and land precisely every time. Drone taxi propulsion can be fully electric or hybrid electric. Some of the advantages of drone taxis include reduction in traffic congestion, sustainability, increased transportation efficiency, and noise reduction. The global drone taxi market is forecasted to grow from USD 74 million in 2025 to reach USD 860 million by 2030, at a CAGR of 63.0% during the forecast period. The growth of the Drone Taxi market is majorly attributed to the rapid increase in urban demographics and increasing demand of eVTOLs for intracity transportation in various countries.
Agreements, collaborations, new product developments and launches, contracts, acquisitions, full scale flight tests and funding are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the Drone Taxi market. For instance, In December 2020, Joby announced that Uber Technologies Inc. agreed to invest a further USD 75 million in Joby as part of a broader transaction involving the acquisition of Uber Elevate by Joby and an expanded partnership between the two parent companies. This investment is an addition to a previously made USD 50 million investment as part of Joby’s Series C financing round in January 2020.
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Major players operating in the Drone Taxi market include Airbus (Netherlands), Boeing (US), Joby Aviation (US), Lilium (Germany), Volocopter (Germany), and Ehang (China) These key players offer Drone taxi platforms and strong distribution networks across North America, Europe, Asia Pacific, Middle East and Latin America
Airbus SAS (Netherland) has strong regional and application footprint. The company is also a market leader in global aerospace sector. It caters to both, platform and infrastructure components in the Drone Taxi market and has a strong global distribution and service network. It is one of the largest manufacturers of helicopters and aircraft across the globe.
Boeing (US) is the worlds largest aerospace company and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support. As America’s biggest manufacturing exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries. Boeing has a wide range of product offering and tailored services that include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. The wide product offerings and strong global presence makes Boeing one of the dominant players in aerospace industry.
Textron Inc is ranked third in the Drone Taxi market. Bell is a subsidiary of Textron Inc. It is one of the global leaders offering aircraft and helicopters for commercial and military purposes. Out of the total segmental revenue, Bell contributed 24% for Textron Inc. in 2019. The company has introduced a series of air taxis - the Bell Nexus, which will help it to cater to the increasing demand for Drone Taxi and related technology Joby Aviation (US) is a transportation company that develops and manufactures all-electric vertical take-off and landing aircraft. It will offer its Joby S4 airplane as a ride share administration for Uber and is a partner in Ubers Elevate drive with a submitted schedule (for 2023) to send air taxi administrations. Joby Aviation was well funded initially by JoeBen Bevirt and Paul Sciarra in 2018, followed by Toyota, adding to its grand total of USD 720 million. Currently, Joby Aviation is involved in a multi-year testing program with the Federal Aviation Administration (US) to confirm its aircraft or business tasks, which it plans to dispatch in 2024.
Drone Taxi Market by Range (Intercity, Intracity), Propulsion (Fully Electric, Hybrid, Electric Hydrogen), Autonomy (Fully Autonomous, Remotely Piloted), Passenger Capacity (Up to 2, 3 to 5, More than 5), System, End Use & Region - Global Forecast to 2030
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